Treasury delays the implementation of a rule that would fight money laundering in the private investment sector, Senators introduce a bill to apply AML safeguards to the art market, and House appropriators propose further cuts to the IRS.
Treasury’s plan to postpone and reopen a rule finalized last year that introduced groundbreaking anti-money laundering safeguards for the $130 trillion U.S. private investment sector will only heighten existing corruption, national security, and illicit finance risks.
FACT hosts environmental crime journalists, public comments on Treasury’s gutting of the Corporate Transparency Act are due May 27, and House lawmakers pass massive tax and spending cuts package.
FACT se complace en compartir un resumen de noticias e información sobre los esfuerzos para combatir los delitos ambientales y el flujo de dinero ilícito vinculado a ellos.
The Treasury issues an interim final rule that guts the CTA, Law Enforcement and financial transparency experts protest, and a hearing on fraud prevention brought attention to the issue of anonymous shell companies.
“Treasury’s proposal contradicts decades of evidence that sanctions evaders, tax cheats, and fentanyl traffickers rely on anonymous U.S. companies to stash their illicit cash in the U.S. financial system.
